If a particular source of income is exempt from tax, then can the loss from such income be set off against any other taxable income?

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• What are the conditions for intra-head and inter-head set off of losses?

  Loss from speculation business cannot be set of against profit from a non-speculation business, but loss from non-speculative business can be set-off against speculation income. Loss under Capital Gains (Long term or short term) cannot be set-off ...

• Is it necessary for my employer to deduct income tax from my Salary?

  Yes. It is his duty as per law to deduct tax from the income paid to you by him. This deduction is called TDS (Tax deducted at source). TDS is deducted each month by employers based on tax projections declared by the employee at the beginning of each ...

• I have loss under the head 'Income from House Property'. Can I set it off against income from Salaries?

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• What are the different ways in which losses can be set off for the purpose of reducing the tax liability?

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